Options and Stock Market Technical Chart Analysis for March 20, 2009 by Idan Koren

Today we looked at the charts and rectified our views. On monday I made a mistake by assuming that we had started subwave 5, but really we only got a 38.2% retracement of the move higher and moved even higher. Subwave 4 only ended once the Dow Jones hit a descnding resistance line which promoted more bears to go short. The XLF is finally leading the market lower, and the VIX is pushing higher signifying we have indeed reversed mentality and sentiment. A lot of the bulls are still trapped, and I wouldn't be surprised if we see a strong move lower in the next 2 weeks. On monday we could potentially see a small doji candle with a slight up trend, as consolidation is possible. We also talk about the MS and GS trades that were made and how it affected the market as a whole.

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[u05ikoren]

trying to fit as much information in 10 minutes, a lot of times i have to redo my videos cuz i surpass 10 minutes.

[dawangsta88]

wtf 1k ppl watched this? BS idan

[zozo71zozo71]

i didnt understand your qushtien

[osnap757]

Why the hell you talking so fast?

[zozo71zozo71]

i think littel short maybe or i wait out side the market

[pfowler20]

like where we can copy your trades

[pfowler20]

do you do live trading?